Cattle Bounce Back

This is Matt Rice with today’s Market Line Report for Monday. Feeder cattle bounced off the bottom and finished the week strong, closing higher for the 5th day in a row. Let’s go to Virginia McGathey with the CME Group to hear more.

McGathey“ .”

Chicago Wheat prices for Dec. closed the day dn 5 ¼, to finish at 598 ½. Dec. Corn Unch, to close at 398 ½. Kansas City Hard Red Winter Wheat prices for Dec. were dn ¾, to settle at 541 ½.

Portland prices for Club Wheat were Unch, ranging from 6-00 to 6-20. Portland Hard Red Winter Wheat with 11 ½ percent Protein, for Jan. were dn 1 ¼, ranging from 6-92 ¾ to 6-97 ¾. Soft white wheat of Ordinary Protein for Jan. ended the day Unch, ranging from 5-90 to 6-10. DNS wheat with 14 % protein, prices for Jan. were up 1, ranging from 6-85 ¼ to 7-00 ¼.

Live Cattle for Dec. were up $.32 ½, closing at 108.30. Jan. Feeder cattle were up $2.77 ½, to finish the day at 134.12 ½. Nov. Class III milk was up $.62, at 23.90.